Archived
If I am on a deed an mortgage with my x husband and he defaults...would my new spouse be liable at all in the state of Illinois?
Mara's answer
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Answered on June 04, 2012
Whether you're on the deed is not as important as whether you’re listed as a borrower obligated to pay back the loan on the "note." A mortgage loan...
Archived
How can a person not named in a foreclosure suit, but who pays a great share of the household expenses have his say in court?
Mara's answer
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Answered on June 04, 2012
I'm curious to see what your evidence of fraud is. In this case hiring an attorney to defend the suit would be the best way to go. Then you could...
Archived
I was served a foreclosure summons a few months ago and didn't file an answer.
Mara's answer
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Answered on June 04, 2012
No you will not be served again. And it is not a big deal if the officer did not insert the date of service on the summons. Take the other...
Filing a complaint with the ARDC
Mara's answer
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Answered on June 01, 2012
Make a written request to inspect the Board minutes and books, call a special meeting, and review the Condo Act, declaration and bylaws. Hire your...
Archived
Do you still need a real estate attorney after your property taxes have been sold and your redemption rights expire?
Mara's answer
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Answered on June 01, 2012
I agree with the previous attorney's answer. Time is of the essence and more information is required to provide you with an educated response to...
Archived
Deed in Leiu of forclosure vs bankruptcy?
Mara's answer
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Answered on June 01, 2012
Deed in lieu of foreclosure is probably better for your credit score than bankruptcy. If you are interested in a deed in lieu you need to continue...
Archived
Foreclosure after chapter 13 discharge
Mara's answer
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Answered on May 31, 2012
Well, it's not entirely true. The bank can accept a deed in lieu of foreclosure after bankruptcy. I am assuming that you want to speed up the...
Archived
If my house is foreclosed on and the bank issues a 1099 to me, can they still sue me for a deficiency judgement in the future?
Mara's answer
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Answered on May 31, 2012
The entire purpose of a 1099 is for the forgiveness of debt, which is considered "income" by the IRS and must be reported. A deficiency after a...
Archived
Can you waive the benefits provided under the Soldiers and Sailors Relief Act in foreclosure?
Mara's answer
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Answered on May 31, 2012
Honestly, the stay of foreclosure shouldn't last for too long. The relevant section in below. So if the bank voluntarily stayed proceedings, just...
Archived
Does the filing of Chapter 7 by borrower A where mortgage is not reaffirmed protect co-borrower B from def judg in foreclosure?
Mara's answer
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Answered on May 31, 2012
It sounds like no, the bank representative was not giving you the correct information. The only way he or she is correct is if you are not listed...
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